No Sale for Harris

The company — parent of Harris Broadcast, and a large defense communications and information technology supplier — made that clear when Chairman, President and Chief Executive Howard Lance spoke to Reuters Monday.

“Harris is not pursuing any transaction,” he said, adding that Harris did not initiate a process to sell, despite media reports and speculation that it was looking for a buyer, the news agency reported.

“The whole area of communications and IT is going to continue to be a very good place to be,” he was quoted as saying. “I just don’t think we’re serving a market that overnight is going to dry up and go away.”

The company’s annual revenue is more than $5 billion; it has 16,000 employees.

Last week’s announcement from Harris Corp. that it was putting its broadcast division up for sale shined the spotlight on division president Harris Morris, who will help navigate the sale of the division later this year